UP Special Task Force has caught one of the biggest online frauds in Noida state. As per the reports, the police claims that around Rs. 3,500 crore Noida Online Fraud has been caught under the online trading. In recent times this has become one of the crimes in the social trading.
The Uttar Pradesh Police arrested three people who involve in the online trading fraud, and they are undergoing the investigation process. According to the preliminary investigation revealed by the police states that the company named Ablaze Info Solutions Limited, situated in Noida Sector-63 duped around 7 lakh people.
From the 7 lakh people they have collected the total investment of approximately Rs. 3,700 crore under the ‘Earn Rs. 5 per click scheme‘. The suspects of Noida Online Fraud have run an online website named socialtrade.biz where they collected the amount of Rs, 5,750 to Rs. 57,500 into the company’s bank account to become the member.
The company attracted the people by implementing the scheme to earn Rs. 5 per click and finally frauded the people who invested. The UP Police said that they have tracked around Rs. 500 crores and announced that they have already seized the company’s bank account.
However, the company regularly changes the name to escape from the scam. Along with this company, there are some more companies that are dupe people are freehub.com, 3W.com, intmaart.com, frenzzup.com.